My Swing Trading Approach
I’m not opposed to adding more long exposure, but may wait for some consolidation in price or a light volume pullback first.
Indicators
- VIX – Breaking down hard and fast. Down six days in a row. Lowest close since late January, and a sign that volatility is trending lower.
- T2108 (% of stocks trading below their 40-day moving average): Key test for T2108 coming up today. Has an opportunity for the indicator to break through some major resistance.
- Moving averages (SPX): SPX trading above all major moving averages, including the 100-day as well.
- RELATED: Patterns to Profits: An Intro Trading Course
Industries to Watch Today
Yesterday saw utilities lead the market higher, with Technology just behind. Discretionary was a drag on the market, as was Staples which is by far the most hated sector at the moment. Healthcare may finally be changing its tune, with a strong day yesterday and a break of downward resistance from the January highs. The same downwtrend has broken in Financials too. 
My Market Sentiment
Downtrend finally broken that started with the original sell-off back in January. That is a big development as is the higher-high that has been put in by breaking the April highs.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 6 Long Positions
Welcome to Swing Trading the Stock Market Podcast!
I want you to become a better trader, and you know what? You absolutely can!
Commit these three rules to memory and to your trading:
#1: Manage the RISK ALWAYS!
#2: Keep the Losses Small
#3: Do #1 & #2 and the profits will take care of themselves.
That’s right, successful swing-trading is about managing the risk, and with Swing Trading the Stock Market podcast, I encourage you to email me (ryan@shareplanner.com) your questions, and there’s a good chance I’ll make a future podcast out of your stock market related question.
In this podcast episode Ryan talks which trade setup is the best one to take when you have many similar charts and options. How do you decide among a handful of trade setups which one is the best option. While you could simply take all of them, that may not be the best risk management approach for swing trading.
Be sure to check out my Swing-Trading offering through SharePlanner that goes hand-in-hand with my podcast, offering all of the research, charts and technical analysis on the stock market and individual stocks, not to mention my personal watch-lists, reviews and regular updates on the most popular stocks, including the all-important big tech stocks. Check it out now at: https://www.shareplanner.com/premium-plans
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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
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